D.A. Davidson & Co. Investment Banking Group Achieves Record-Breaking Year.Strengthens position as the leading investment bank headquartered in the Pacific Northwest LAKE OSWEGO Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. , Ore. -- D.A. Davidson & Co., the largest full-service investment banking and brokerage firm headquartered in the Pacific Northwest, today announced record-breaking revenues in its Investment Banking Group for fiscal year 2006 and an optimistic outlook for 2007. In its fiscal year ended September 30, 2006, the Investment Banking Group experienced more than 50 percent growth in revenues over 2005, and served as managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. or strategic advisor on 30 deals with a total value in excess of $3.3 billion. The Group experienced growth across all of its major platforms, which includes: public offerings, mergers and acquisitions, and private placements. The Group has an optimistic outlook moving into 2007 with significant plans to further strengthen and develop its resources and capabilities. "We had a strong year in 2006 in terms of revenues and successful deals," said Brad Gevurtz, managing director and head of investment banking. "We will continue to expand our reach throughout the region in 2007 by building the Davidson brand, adding new professionals and working closely with our clients." Clients represented by Davidson in fiscal year 2006 were from a broad spectrum of industries, including financial services, apparel and footwear, technology, and engineering and construction. Transaction highlights for this period include: * Advisor to O'Neil Product Development, Inc., a manufacturer of rugged, portable printers, in its sale to Dover Corporation (NYSE NYSE See: New York Stock Exchange :DOV DOV Data-Over-Voice DOV Degree of Variation DOV Defenders of Valor (gaming group) DOV Disbursing Officer Voucher DOV Director of Orbital Verification (Hubble Telescope) DOV Diaphragm-Operated Valve ). * Advisor to Flow Solutions, Inc., a value-added distributor of high-precision filters and components, in its sale to Morgenthaler Partners. * Advisor to SwiftView, Inc., a provider of secure electronic document processing, in its sale to eLynx, a portfolio company of American Capital Strategies, Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ). * Advisor to Multnomah Publishers, Inc., a Christian content publisher, in its sale to Random House, Inc. * Advisor to Citizens Development Company, a Montana-based community bank, in its sale to Glacier Bancorp, Inc. (NASDAQ:GBCI GBCI Green Building Certification Institute (Washington, DC) ). * Sole-lead underwriter for Glacier Bancorp, Inc. (NASDAQ:GBCI), a multi-bank holding company, in its follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. of common stock. * Co-managing underwriter for Crocs Crocs Inc. (NASDAQ: CROX) is an American company founded by Lyndon "Duke" Hanson, Scott Seamans, and George Boedecker[1] in July 2002. Based in Boulder, Colorado, the firm was created to market a lightweight plastic shoe first developed and manufactured by Foam , Inc. (NASDAQ:CROX), a footwear designer and manufacturer, in its follow-on offering of common stock. Davidson also recently represented Nuprecon LP, a demolition services company, in its sale to Evergreen Pacific Partners. Nuprecon is the largest demolition company in the Pacific Northwest and the eighth largest in the U.S. In addition to demolition services, Nuprecon provides building rehabilitation, environmental waste removal and construction recycling. According to John Hennessy, Chief Executive Officer of Nuprecon, "The success of our transaction was directly attributable to D.A. Davidson's expertise, superior knowledge and relationships within the industry." D.A. Davidson & Co.'s Investment Banking group provides full-service underwriting and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for emerging growth and middle-market companies, including public offerings, mergers & acquisitions, private capital raises and balance sheet restructurings. About D.A. Davidson & Co. D.A. Davidson & Co. is a full service investment firm with operations throughout the Western U.S. Founded in 1935, the firm is the largest securities firm based in the region, with over $20 billion in client assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and approximately 950 professionals. As a full-service investment firm, Davidson provides research, investment banking services, bond sales and trading, stock sales and trading and private brokerage services. D.A. Davidson's investment banking group underwrites public offerings, serves as a placement agent for private financings, and advises companies on mergers and acquisitions. |
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